Cango bought $256 million of mining power from Bitmain, and the mining output in November was 393 BTC.

Cango, a Shanghai-based NYSE-listed auto trading service, has bought 32 EH/s of hashrate from Bitmain for $256 million. Cango previously reported that it mined 393 BTC in Bitcoin in November. Cango's share price rose from $3.41 in mid-November to $6.91 on Tuesday, giving it a market capitalization of $500 million.